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IN RE SWAN-FINCH OIL CORPORATION

Nos. 93046, 62 Civ. 2890.

279 F.Supp. 386 (1967)

In the Matter of SWAN-FINCH OIL CORPORATION, Keta Gas and Oil Company, Swan-Finch Petro Chemical Corporation, Debtors. George C. LEVIN, as Trustee in Reorganization of the Estates of Swan-Finch Oil Corporation, Keta Gas and Oil Company and Swan-Finch Petro Chemical Corporation, Plaintiff, v. RUBY TRADING CORPORATION, Lowell M. Birrell, Herbert A. Birrell, Harry Casper, Lois B. Morrill, Peter Jakobson and Peter Jakobson Corporation, Defendants.

United States District Court S. D. New York.

August 28, 1967.

Attorney(s) appearing for the Case

Everett A. Eisenberg, New York City, for trustee.

Robert M. Morgenthau, U. S. Atty., Southern District of New York, New York City, for District Director of Internal Revenue; Alvin H. Meadow, Asst. U. S. Atty., of counsel.

William G. Mulligan, New York City, for Continental Bank & Trust Co. as Receiver of Inland Empire Insurance Co.

In Consolidated Proceedings for the Reorganization of Corporations

PALMIERI, District Judge.

This plenary action was brought in 1962, pursuant to Chapter X of the Bankruptcy Act by the trustees in reorganization of certain corporations once controlled by Lowell Birrell. It was dismissed with prejudice by this Court in April, 1966, following approval of a settlement in a written opinion dated April 13, 1966. The case was settled for $175,000, $100,000 of...

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